{"id":81905,"date":"2018-06-26T12:00:19","date_gmt":"2018-06-26T19:00:19","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=81905"},"modified":"2018-06-26T12:06:18","modified_gmt":"2018-06-26T19:06:18","slug":"sheldon-adelson-macau-casinos-could-feel-china-tariff-sting","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/","title":{"rendered":"Sheldon Adelson Among Macau Casino Owners Who Could Feel Sting of US v. China Tariff Wars"},"content":{"rendered":"

President Donald Trump backer Sheldon Adelson — who heads up the world’s largest gaming operation with Las Vegas Sands Corporation (LVS) — may soon feel the pinch from his poster boy’s trade war with China. Adelson’s primary gaming profits come from his Macau and Singapore properties: six in all.<\/p>\n

\"US-China
Could Sheldon Adelson\u2019s casinos become a target in the intensifying trade war between US President Donald Trump and Chinese President Xi Jinping? The risks for Adelson are \u201cquite high,\u201d according to experts. (Image: CNN)<\/figcaption><\/figure>\n

This week, China and the US will introduce punitive\u00a0tariff penalties on each other’s exports. On the front line of the trade war are American exporters and consumer businesses operating inside China. But Muhammad Cohen, writing in Forbes<\/em>\u00a0this week, believes gaming operators in Macau may soon find themselves in the crosshairs of Chinese economic retaliation.<\/p>\n

And with Adelson an avowed Trump ally, the gaming mogul’s LVS could be the most vulnerable to pressure from Asia\u2019s economic superpower, says Cohen.<\/p>\n

Middle Class in the Middle<\/strong><\/h2>\n

Beijing uses the China\u2019s burgeoning and now globetrotting middle-class — including their vast numbers and spending power — as an economic weapon. Chinese tourists are encouraged to visit countries politically aligned with the motherland, while those nations that fall out of favor with Beijing will be cold-shouldered.<\/p>\n

\n

As a retaliatory measure to the US-backed deployment of a Terminal High Altitude Area Defense battery in South Korea\u2019s southeast, Beijing banned package tours<\/a> to that country. The resulting decline in visitors damaged all South Korean industries that relied on tourism and severely dented the revenues of the country\u2019s casino sector, which is overwhelmingly foreigner-only.<\/p>\n<\/div>\n

Would Beijing do the same to Macau, which, although autonomous, is one of its own territories?<\/p>\n

China’s \u201canti-graft\u201d crackdown of 2014 — which authorities claimed wasn\u2019t targeted specifically at Macau\u2019s gambling sector, but rather at corrupt officials and money launderers — suggests that it would. The crackdown resulted in a two-year economic slump for the world\u2019s largest gambling hub, from which it has not yet fully recovered.<\/p>\n

Targeted for Trump Ties<\/strong><\/h2>\n

China’s tourists account for around two-thirds of Macau\u2019s visitors and around 90 percent of its gaming revenue. Meanwhile, the gaming hub itself accounts for way more than half of LVS\u2019 revenues.<\/p>\n

\u201cThe risks for Sheldon Anderson\u2019s Sands casinos are quite high,\u201d China Market Research Managing Director Shaun Rein told Forbes<\/em>. \u201cIt is quite possible that China will target his casinos specifically \u2026 It is possible they will ratchet up police surveillance of his Macau properties in order to spread fear among high rollers and even middle-class gamblers that they are being checked in on by the authorities. Or they will launch an audit of their books.<\/span><\/p><\/blockquote>\n

\u201cEither way, a move could be viewed as having plausible deniability that the government cloaks as a crackdown on corruption or tax evasion.\u201d<\/p>\n

Of course, other US casino interests could also be hit, including MGM Resorts and Wynn Resorts, but it’s Adelson’s tight ties with Trump that put his Macau operations most at risk.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump backer Sheldon Adelson — who heads up the world’s largest gaming operation with Las Vegas Sands Corporation (LVS) — may soon feel the pinch from his poster boy’s trade war with China. Adelson’s primary gaming profits come from his Macau and Singapore properties: six in all. This week, China and the US […]<\/p>\n","protected":false},"author":36,"featured_media":81907,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,61],"tags":[],"acf":[],"yoast_head":"\nSheldon Adelson Macau Casinos Could Feel China Tariff Sting<\/title>\n<meta name=\"description\" content=\"US-China trade war could be a threat to Macau casino sector, and Sheldon Adelson\u2019s LVS in particular, if Beijing continues to flex its economic muscles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheldon Adelson Macau Casinos Could Feel China Tariff Sting\" \/>\n<meta property=\"og:description\" content=\"US-China trade war could be a threat to Macau casino sector, and Sheldon Adelson\u2019s LVS in particular, if Beijing continues to flex its economic muscles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-26T19:00:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-26T19:06:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/trump-jinping.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/\",\"url\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/\",\"name\":\"Sheldon Adelson Macau Casinos Could Feel China Tariff Sting\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/trump-jinping.jpg\",\"datePublished\":\"2018-06-26T19:00:19+00:00\",\"dateModified\":\"2018-06-26T19:06:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"US-China trade war could be a threat to Macau casino sector, and Sheldon Adelson\u2019s LVS in particular, if Beijing continues to flex its economic muscles.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/sheldon-adelson-macau-casinos-could-feel-china-tariff-sting\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/trump-jinping.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/trump-jinping.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Could Sheldon Adelson\u2019s casinos become a target in the intensifying trade war between US President Donald Trump and Chinese President Xi Jinping? 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